18,245 Shares in Omnicom Group Inc. (NYSE:OMC) Purchased by Wolf Group Capital Advisors

Wolf Group Capital Advisors purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 18,245 shares of the business services provider's stock, valued at approximately $1,513,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMC. Asset Management One Co. Ltd. increased its holdings in Omnicom Group by 1.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 73,809 shares of the business services provider's stock worth $6,384,000 after purchasing an additional 835 shares in the last quarter. Principal Securities Inc. grew its position in shares of Omnicom Group by 0.8% during the 4th quarter. Principal Securities Inc. now owns 27,215 shares of the business services provider's stock worth $2,342,000 after buying an additional 222 shares during the period. Allworth Financial LP increased its stake in shares of Omnicom Group by 85.1% in the 4th quarter. Allworth Financial LP now owns 2,431 shares of the business services provider's stock valued at $209,000 after acquiring an additional 1,118 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Omnicom Group during the 4th quarter valued at $62,000. Finally, CIBC Asset Management Inc lifted its position in shares of Omnicom Group by 1.5% during the 4th quarter. CIBC Asset Management Inc now owns 34,203 shares of the business services provider's stock valued at $2,943,000 after acquiring an additional 516 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Up 0.3%

Shares of OMC traded up $0.21 on Wednesday, reaching $69.43. The company's stock had a trading volume of 3,439,086 shares, compared to its average volume of 2,450,895. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The stock has a market capitalization of $13.55 billion, a PE ratio of 9.50, a PEG ratio of 1.70 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24. The firm has a fifty day moving average of $74.16 and a 200-day moving average of $81.09.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

A number of research firms have commented on OMC. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Citigroup reaffirmed a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays reduced their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.